Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Financial Select Sector SPDR Fund (AMEX:XLF), where 10,450,000 units were destroyed, or a 1.3% decrease week over week. Among the largest underlying components of XLF, in morning trading today Wells Fargo & Company (NYSE:WFC) is off about 0.5%, and Berkshire Hathaway Class B (NYSE:BRK.B) is relatively unchanged.
And on a percentage change basis, the ETF with the biggest outflow was the Proshares Ultra SmallCap600 (AMEX:SAA), which lost 75,000 of its units, representing a 25.0% decline in outstanding units compared to the week prior. Among the largest underlying components of SAA, in morning trading today 8x8 (NYSE:EGHT) is down about 4.1%, and AAON (NASDAQ:AAON) is lower by about 2.4%.
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